St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-14
THE COMMERCIAL RECORD.
Nay Pork Took Jump Yesterday
Morning on the Chicago Board
of Trade.
Later It Dropped Back, But Finally Re-
covered Some Of the
Advance.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
knecial to the Globe.


CHICAGO. Dec. I3.-Grain cables were hat,
and wheat opened weak at S3I2c for May
Corn on the contrary was strong at the out
set and in half an hour advanced front 9ol2c
10 54Hc. for May Bidders found very little
wheat for sale, and the market was bid up
ssc, with Hutchinson the principal buyer.
The foreigners, too. had buying orders in at
the decline at Yesterdays bottom figures.
The strength in corn is due to the disappoint-
ingly small receipts arrivals being 100 cars
below estimates. Asked by a customer for
advice on corn. broker, who has great faith
in the short crop theory, wired: Il would
sell corn short, but am afraid
somebody might buy it up ana
op it for the newsboys' Christmas tree.
Provisions were again strong. May pork
opened Zoe higher ct $3.50 and sold up 10
SI5.45. May lard going to S7.92l2, gain OF
Zoe, and March ribs to S7.S1l2. The packers
were free sellers and broke the market q
little way, and Wright, singer and his follow
ers did some lusty raiding. The bears are
fortified in their position by the continued
heavy receipts of wheat at Duluth and Min
neapolis. They look upon this movement as
being from farmers. In point of fact, great
proportion of the grain now arriving at the
two points mentioned is shipped by country
elevator proprietors and companies who are
hard up for money. 1t is the best Judgment
of well informed merchants that this large
run will end before the holidays and that the
movement will then fall off sharply. The
packers are still drawingheavily on loana6le
funds in the West but the grain men are less
worried, having
FINANCED THE LARGE STOCKS
until next May, which leaves them with
nothing more serious 10 care for than back-
country stocks aud current arrivals. Be this
at itEmay, the bears were in command to-day.
They are having trouble making their in
tiuence felt commandinglv in corn and pro-
visions. but sailing is comparatively smootn
for them in wheat. For time the DuIls
held them level this morning. and the prices
hung stubbornly around $3.50 3s4c Tor
May. About II o'clock the market turned
down ana half an hour before the close
even Hutchinson and Bloomdesertedth the ship.
Nav slid off to S25ac and corn, too, broke
sympatheticalIy TO below 53l2c. Provisions
weakened trifle in sympathy with the de-
cline in grain, but the Keeling IN
that market is still one of
great strength. Liverpool is particularly
strong on lard and that is the favOrite specu-
Iatiye article among provisions bulls these
days, Cash lardi is at least Ice pound higher
than il was late in October. The L O'Clock
elosings show loss as compared with yester-
day of 7sc in wheat, 1z@SSc in corn, lac on
oats. no change Of importance in pork or
ribs, but a gain of 5@7l2c in lard. At the
afternoon session there was further decline
in prices Of grain and provisions. Pork sold
&c lower, wheat "a lower, and corn shade
lower 2:30 p. m. prices: Wheat, 75@75lsc,
January 75I2d 73ssc, February T6Ac, March
764@77c, May S2I2@ 92ssc. Corn: Decem-
Der 47s4c, January 45c, February 4SAc, May
53ssc. Oats: May 33c. Pork: January
SI465, February slate, May S15.25.
Lard: December S7.42I2, January STATE,
February S7.57l2. March S7.67l2 May S7.95.
Ribs: January S7.57l2, February S7.67l2,
March S777I2. May S7.97l2.
THE ROUTINE REPORT.
CHICAGO, Dec. 13.-May pork opened
higher to-day. The opening price was
Sl5.4O, all advance of Zoe over night The
shorts were anxious bidders at the start. In
ten minutes sales were made at Sl5.4 After
the shorts in the provision crowd had bought
in all the stuff they wanted II was discovered
that the demand was very light. May dropped
back to $3.50 and was steady around
SIS. sea 10 32I2, when the crowd adjourned
to the call room. Then there was little
squirt of buying of lard by two local opera
tors, the immediate effect of which was to
firm up pork The May option which had
sold down to $3.50 advanced TO S15.37l2.
and held pretty steadily around that price at
1890 The interest i'll pork and lard con-
tinued good and the days trading was fairly
large in volume. Corn opened quite firm,
with shorts and receivers the principal
buyers May opened at 53s4c and shortly
afterward sold 10 54ssd0414c. After this a
heavy selling commenced, and prices
held fairly steady around 53s4Q
54c. Trading was not nearly 80
large as during the greater part of last week.
May wheat opened lower. The start was
made at S3l2c for May against last night and
closed at S3ssc; fifteen minutes later was
selling AT S37sc. having been tirmed up by
the strength in corn. Then under the lntu-
ence of heavy selling il sold off TO S3ls1
S314c. The amount of wheat in the North
west which is pressing forward TO the mar
ket was the bugbear of the wheat marke to-
day. though the cables increased The feeling
of weakness. Continued heavy selling of
wheato on the afternoon board had a depress-
ing influence Oh the other markets. May
wheat sold off to S2Ss@S2l2c; May corn,
53l2c ana May pork TO Sl5:23. Closing
prices were: May wheat, S2l2d S25sc; May
corn. 53$gc: May pork, S15.25; May lard,
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat No.2-JanuaTy, 76l2c, closing at 20 2c
February, 77l2c, closing al 764c; March, SC.
closing at 767sc: May, S3l2c. closing at S2lac.
Corn-No. December, 4Sl2c, closing al
47s4c; January, 4SI2c. closing at 4Sc;
February. 1910, closing at 4Sl4c; May,
53s4c closing at 53ssc. Oats-No. = De
cember, 30l2c: May. 33lsc, closing at 33c.
Mess Pork per bbl-January, SAD, closing
at SI465: February, S14S7l2, closing al
Sl477I2; May, SIS. 0,clOsing at SIS. %. Lard
per 100 lbs-January.$ 81 so closing at s.. 47I2
February. S7.60c, closing at S7.5!l2c
March, S7.67l2. closing at S7.67L2; May,
S7.S7I2, closing at ST.S5. Snort Ribs pei
100 lbs-January, S7.62l2 closing at S7.57I2
February S7.15, closing at S7.67ls
March. s7.s7ls, closing at SITE;
MAY. SS.O7I2, closing at S7.97l2.
Cash quotations were as follows: Flour
Prices nominally unchanged and steady.
Wheat-No, spring, 75Ac; No: 3 spring: %
@66c; No. . red, 77c. Corn--No. =, 4SSS@
4s4c. Oats-No. 2. 39He; Rye-No: 2
61l2c. Barley-No. 2, 72@76c; Flax Seed
No. 1, Sl.25. Timothy SeedePrime, g.. %
Mess pork, per Dbl, Sl450@14.75. Lard,
per 100 lbs, S7:45. Short ribs sides Coosel-
$7.55@7.7O. Dry sailed shoulders (boxedl-
$ .s0@5 80 short clear sides. (boxed):
S7.9O17.95. Whisky-Distillers finished
goods, per gal. S1.1O. Receipts-Flonr,. 50,
900 bbls: wheat. 10000 bu: corn. 2U4. DOC
bu: oats, 105. 900 bu: rye, 5000 bu; barley
95 900 bu. Shipments-Flour. $4,000 bbls
wheat 900 bu; corn. l25. 900 bu: oats
Us. 900 bu; rye, i 900 bu; barley. $4,000
bu On the produce exchange to-day the
butter market was quiet; fancy creamery
29@30c; fancy dairy. 2o@26c. Eggs, 20l.
T22c.